AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 52-Week High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.19 and last traded at $43.09, with a volume of 13875 shares trading hands. The stock had previously closed at $43.16.

AB Conservative Buffer ETF Stock Down 0.2%

The firm has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26. The company’s 50 day moving average is $42.56 and its 200-day moving average is $41.83.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of AB Conservative Buffer ETF in the 4th quarter valued at about $218,000. Assetmark Inc. raised its stake in AB Conservative Buffer ETF by 28.7% during the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares during the period. Scarborough Advisors LLC raised its stake in AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after buying an additional 6,489 shares during the period. NewEdge Advisors LLC bought a new position in AB Conservative Buffer ETF in the first quarter worth approximately $426,000. Finally, Bailard Inc. bought a new position in AB Conservative Buffer ETF in the fourth quarter worth approximately $494,000.

AB Conservative Buffer ETF Company Profile

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.